Monthly Fixed Payment definition
Examples of Monthly Fixed Payment in a sentence
MFPm = [[(CPR + FOMR) * MAFm * MCCm] * AA] where, MFPm is the Monthly Fixed Payment for the subject month; CPR is the Capacity Payment Rate; FOMR is the Fixed O&M Rate.
MCCm is the Monthly Contract Capacity for such month; AA is the Availability Adjustment for such month, determined pursuant to Section 4.1. An example of the calculation of the Monthly Fixed Payment is provided in Appendix XVII.
MFPm = [[(CPR + FOMR) x MAFm x MCCm] x AAm] where, MFPm is the Monthly Fixed Payment for the subject month; CPR is the Capacity Payment Rate; FOMR is the Fixed O&M Rate; MAFm is the monthly allocation factor set forth in Appendix XVI for such month; provided that ninety (90) days prior to a start of a full calendar year, Buyer may Notify Seller of modifications to Appendix XVI.
Examples of the calculation of the Monthly Fixed Payment are provided in Appendices XIV and XVII.
Any Unexcused Scheduled Maintenance Outage taken pursuant to Section 3.8(g) that does not also meet the requirements set forth in Sections 3.8(b) through 3.8(f) above for an Excused Scheduled Maintenance Outage shall be treated as unavailable during such periods for purposes of determining Availability as specified in Section 4.1. Reductions to the Monthly Fixed Payment due to reduced Availability will apply.
Resource Provider acknowledges and agrees that the Monthly Fixed Payment shall not apply in respect of an hour Billing Period in respect of which Resource Provider may recover insurance proceeds from any insurance policy that Resource Provider obtains (or would recover or have obtained had it complied with this Agreement) in respect of PREPA Risk Events, including business interruption insurance in accordance with paragraph (h) of Section 18.1 (Resource Provider Requirements).
MCCm is the Monthly Contract Capacity for such month; AAm is the Availability Adjustment for such month, determined pursuant to Section 4.1. An example of the calculation of the Monthly Fixed Payment is provided in Appendix XVII.
MFPm = [[(CPR + FOMR) * MAFm * MCCm] * AAm] where, MFPm is the Monthly Fixed Payment for the subject month; CPR is the Capacity Payment Rate; FOMR is the Fixed O&M Rate.
Each invoice shall include, as applicable, the Monthly Fixed Payment, Monthly Variable Payment, Other Payment Adjustments, Discharge Energy, Charge Energy, Ancillary Services, Green Credits, the Balance, information necessary to determine Facility performance, insurance payments, credits or payments owing to PREPA, and an itemized statement of all other charges under this Agreement, as of such Billing Period.
The ARC shall invoice MacroCure at the end of each month for all amounts due under this Agreement with respect to Services provided during such month, except for the Monthly Fixed Payment which shall be invoiced at the beginning of each month, as specified in the Fee Schedule to this Agreement.